Tadawul Review:

Tadawul All Share Index (TASI) rose for the third consecutive day on Thursday, gaining 65 points (+0.6%) to close at 11,915. The TASI opened the session up by approximately 24 points and continued to rise gradually until the end of the session. Overall, 19 out of 21 sectors closed in the green zone, and 170 shares rose while 51 fell. Real Estate (+2.0%), Utilities (+1.7%), and Health care equipment and services (+2.2%) sectors contributed the most to the index rise. Stockwise, ACWA Power (+2.1%), Sulaiman Al Habib (+3.7%), and Jabal Omar (+3.2%) were the major contributors. Trading activity witnessed a 15% increase in volume but a -2% decrease in value, reaching 300 million shares and SAR 6.8 billion in total value traded.

 

 

 

Market Wrap International: 

U.S. stock index futures saw an increase on Friday, continuing the recent upward trend as investors awaited the highly anticipated retail sales figures. The S&P 500 gained 0.2%, the Nasdaq Composite advanced by 0.2%, and the Dow Jones Industrial Average was up by 0.2%.

European stocks rose, continuing the week's upward trend as investors reacted to lower-than-expected inflation figures from both the U.S. and the U.K. The CAC 40 increased by 0.4%, the DAX climbed by 0.8%, and the FTSE 100 fell by -0.4%, indicating a generally positive trend across European markets.

 

Asian stock markets trade mostly higher on Friday, following the broadly positive signals from Wall Street on Wednesday. The soft U.S. consumer price inflation data for July has bolstered expectations of a rate cut by the U.S. Federal Reserve next month. In Asian market performance, the NIKKEI 225 registered a gain of 3.6%, the Shanghai Composite experienced an increase of 0.1%, and the KOSPI advanced by 2%.